To evaluate the truth of the statements given about the graph of the function \( a(t) = 500(0.8)^t \), let's analyze each option:
Option #1: "As t increases, a increases slowly at first and then quickly."
- This statement is not true. The function \( a(t) = 500(0.8)^t \) is a decreasing exponential function. As time \( t \) increases, the value of \( a(t) \) decreases, not increases. Therefore, this option is false.
Option #2: "The y-intercept of the function is (0,500)."
- To find the y-intercept, we evaluate \( a(0) \): \[ a(0) = 500(0.8)^0 = 500(1) = 500 \] Thus, the y-intercept is indeed \( (0, 500) \). Therefore, this option is true.
Option #3: "The range includes all real numbers."
- The range of \( a(t) = 500(0.8)^t \) is \( (0, 500] \). As \( t \) increases, \( a(t) \) approaches 0 but never reaches negative values. Hence, this option is false.
Based on this analysis, the only true statement about the graph of the function is Option #2: "The y-intercept of the function is (0,500)."